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Wotif.com Holdings Limited announces full year results (FY2007)
Wotif.com's Chairman, Dick McIlwain, announced a record trading and profit result for FY2007 with very strong revenue growth and significant operating profit margin improvement delivering a 60% increase in after-tax profit.
Room nights sold across the 44 countries represented on Wotif.com's website increased 39% to reach 3.81 million rooms sold (up from 2.74 million). This surge in sales provided a 48% uplift in revenues to $67.3 million (last year $45.5 million) and drove profit after tax to $26.4 million (up from $16.5 million in FY2006). The Company's result outperformed prospectus forecast by 38%.
In view of the strong result, Dick McIlwain announced that the Board had declared a final fully franked dividend of 8 cents, taking the total dividend for the year to 13 cents (compared to a Prospectus forecast of 8.4 cents).
* represents dividends paid post-ASX listing in FY2006
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